There is an increased need for trading firms to manage their OTC counterparty credit risk.
The initiative serves as another driver for growth in Asia-Pacific.
Regulatory requirements for third party outsourcing, transparency, and risk factor liquidity have increased.
UPI will aid the effective global aggregation of OTC derivatives transaction reports.
Enabling a straight through process reduces operational complexity.
A public quotation is one step towards converting digital asset products into ETFs.
European regulators confirmed LCH Ltd can continue to clear for EU members and clients.
The MFA said providing broader access and harmonizing with the CFTC is an important step.
The new service increases netting opportunities for the buy side.
